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Important Announcement

Coronavirus Update

The Sherwood State Bank is taking precautionary measures to help keep you and our employees healthy and safe.

Starting June 1st, The Sherwood State Bank will provide lobby and drive-up services during normal hours on Mondays and Fridays only until further notice. Tuesday, Wednesday and Thursday the lobbies will remain closed but will be available by appointment only for loans, deposit accounts, safe deposit boxes and any other critical needs. Please avoid branch visits if you are sick, have been exposed to the virus or have traveled to a high-risk area. We continue to practice social distancing and follow guidance from the Centers for Disease Control (CDC) to reduce in-person contact.

Effective April 23, 2020, the Regulation D Reserve Requirements interim rule permits depository institutions to suspend enforcement of the six-transfer limit on savings accounts. Sherwood State Bank is suspending the limits on the number of transfers from savings accounts.

We would like to remind you that our ATMs are always available, and we strongly recommend that you use our remote digital banking services. We also encourage the use of electronic transactions whenever possible to reduce or eliminate the handling of money and paper checks that could possibly carry the virus. We will be waiving The Sherwood State Bank fee for our customers’ transactions at foreign ATMs (you may be charged a fee by the Bank owning the ATM) as well as the $6.00 fees for telephone transfers and automatic transfer activity.

Visit our website to learn more about how to bank remotely and use electronic transactions.

Thank you for your patience and understanding during these unprecedented times. Feel free to call us at 800-899-9531 or visit us online at www.Sherwood.Bank if you have any questions about enrolling and using our online and mobile banking services, or to learn more about how we can help.